Company Registration in Zimbabwe
We can help you register your business and start right
Company Registration Advantages
Why you should register your company
It’s a fact. People are more likely to do business with a registered company than with an individual or unregistered business. They want to know that you mean business
Secure your name
You may not be ready to start operating your business now but registering it early ensures that your dream name is reserved for you whenever you are ready.
Participate in tenders
Thousands of tenders are advertised by both government and private companies every year. To participate in tenders you need to be a registered company.
Business is risky and if you run into problems, you personally get sued. If you are registered it’s your business that gets sued and your personal finances remain safe.
PBC Registration in Zimbabwe
Conveniently register a Private Business Corporation (PBC) in Zimbabwe at
Features of a PBC
For Small Businesses
A PBC is mainly meant for small to medium operations. It’s an ideal way to start a business as you can always upgrade to a PLC without changing your name.
Registered under PBC Act
The PBC has been around since 1993. It is governed by the PBC Act, chapter 24.11. Both the PLC and PBC are registered by the same Registrar of Companies.
Offers limited liability
A PBC has limited liability and it can sue and be sued in its own name. If the business’ assets are attached over debt this will not affect owners’ personal assets.
Allows 1 - 20 Directors
A PBC has 1 up to 20 members or shareholders. These serve as the company’s principal owners and directors. A sole trader can also register as a PBC.
Register your business. Don’t miss important business opportunities.
People lose important business opportunities daily simply because they are not registered. Most companies will not work with a business that is not registered. Imagine that you have pitched your product and the client is interested. You have invested a lot of time and resources to win this client and they are now ready to make an order. But before they do they need your company documents first. Sounds familiar? It is. Don’t let that be you, register your company today!
Company registration requirements as a PBC
The requirements for registering a business in Zimbabwe are as follows:
- 1 to 4 proposed names for your Private Business Corporation, these need to be submitted in order of priority. So you start with the name you want the most and then list the rest ending with the one you want the very least.
- The core business that the operations of PBC will be focused on. These are called the main objects of the PBC.
- The full names and ID numbers of between 1 to 20 members. These will serve as the shareholders and directors of the Private Business Corporation. This is equivalent to the CR14 on the Private Limited Company.
- Each members interest or stake or share in the PBC. The total interest of all the members combined must be 100%.
- Physical and postal address of the business. This is equivalent to the CR6 details on the Private Limited Company.
- Each member of the PBC must sign the Incorporation Statement before the Registrar affixes his seal, stamp and signature.
- A budget of $70 for the basic PBC registration up to $130 if you get optional member certificates, PBC by-laws and ZIMRA bank advice note.
Procedure for PBC Registration
The procedure for registering a company in Zimbabwe generally follows two steps:
Stage 1: Name search
A request is made to the Registrar of Companies office for a search to be made in the Register of Companies. The following is applicable at the name search stage:
- The purpose of an application for reservation of name is to get the authority of the Registrar to use a particular name.
- If the Registrar approves your application to reserve a name, he will reserve that name for you for a period of two months to enable you to register your PBC. He will not allow any other person to use that name during that period.
- You are advised to give four names in your application so that if one name is not accepted, another one may be. You should list the names in order of preference.
- The Registrar will not accept a name which is similar to that of another company or PBC, or is likely to mislead the public or is indecent.
The Registrar will give a written notice of whether any of your names were accepted or if they were rejected. This process takes 3 to 5 working days.
Stage 2: Registration of PBC and appointment of members.
After your name has been successfully reserved, the documentation for the registration of the PBC must be submitted to the Registrar of Companies. This process involves the appointment of members (shareholders/directors) of the PBC. Each member is assigned a percentage of ownership in the PBC. The total percentage for all members must add up to 100%.
The Registrar will then register the PBC and assign to it a registration number. The Registrar will put his seal, his stamp and his signature to the PBC Incorporation Statement to signify its authenticity. The PBC is also entered into the Company registry and becomes searchable in the Registrar’s database. This process takes 3 to 5 working days.
Got a question about Private Business Corporations? Here are some answers
Definitions: What does PBC or PLC mean?
Should i register a PBC or a PLC?
How come i have never heard of the PBC?
Why is the PBC cheaper to register?
How many directors can a PBC have?
Do you register PLCs (private limited companies)?
Can a sole trader register as a PBC?
Where can i download the PBC Act?
Can a PBC register for tax and get a tax clearance certificate?
Yes it can! In fact, a PBC can do pretty much anything a PLC can do. A PBC can register for tax purposes with ZIMRA, apply for a tax clearance certificate and VAT registration (if your sales exceed $5,000/month or $60,000/year)
Can i open a bank account with a PBC?
Definitely! The PBC is as much a binding and legal document as the PLC. After all, it’s called a Private Business CORPORATION. On top of that it’s established by a national act of Parliament (i don’t know of any wise bank that wants to fight against the government under which it operates). It’s also important to note that both the PBC and the PLC are registered by the same government office (the Department of Companies & Intellectual Property).
What if i want to change my PBC to a PLC?
That is possible. In fact, you can convert a PBC to a PLC and a PLC to a PBC. You do so without the need to change your company name, except for the PBC or Pvt Ltd at the end.
Can a PBC apply for tenders?
Definitely. A PBC can do pretty much anything that a PLC can do.
Do i get CR6, CR14, Memorandum and Articles of Association?
No. In a PBC you get what is called a Certificate & Statement of Incorporation. This document contains the same details as are in the CR6 and CR14. CR6 specifies the address of the business and CR14 specifies who the directors of the company are. So whenever a bank, company or stakeholder requests for your CR6 or CR14, simply provide them with your Certificate & Statement of Incorporation. The memorandum and articles of association are for internal use and govern the relationship of the shareholders in a company. The equivalent in a PBC is a document called ‘a bylaw’. This is an optional document but you can have it drafted for your PBC if you prefer.
I have another company i own, can it own shares in my PBC?
Unfortunately it cannot. Only individuals are allowed to be members or shareholders in a Private Business Corporation.
Sample PBC Incorporation Statement
Ready to start, build or grow your business?
Contact us today!
Angel & Walt
Suite 107, 1st Floor, Gelfand House.
Cnr 1st Street & Speke Ave.
Tel: 04-251092, 04 2934120.
Mobile: 0772 957786, 0732 957786.
Africom: 08644 069399.
Send us an email